$3,264 Closing Credit*
$274,900
1,151 SqFt
3 Beds
•2 Full Baths
Bradley M Wood, Listing Office: KW Showcase Realty
Is 48329, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48329 has remained a Seller's Market.
Key Takeaway
48329 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48329, MI
How much do homes in 48329, MI cost?
Median Sold Price
$290,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+11.5%)
Key Takeaway
Homes in 48329 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 48329 was $290,000 in November 2024, up 11.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $165K | +47.3% |
| 2 Bedrooms | $198K | $211.5K | +6.8% |
| 3 Bedrooms | $260.5K | $285K | +9.4% |
| 4 Bedrooms | $325K | $350K | +7.7% |
| 5+ Bedrooms | $293.7K | $755K | +157.0% |
Summary: 48329 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 157%.
Housing Supply in 48329, MI
How many homes are available in 48329, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 93 | -2.1% |
Summary: The 48329 real estate market had 93 homes for sale in November 2024, a 2.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 56 | 51 | -8.9% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 48329 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48329, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 48329 in November 2024, down by 34.4% month-over-month. Of the 21 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for 48329, MI
How long does it take to sell a home in 48329, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -10.6% |
Summary: Homes in 48329 had an average of 20 days on market in Nov 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48329 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 48329; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.